When Canadian National Railway ($CNI) Moves Investors should Listen
November 12, 2023, 12:45 pm ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CNI
- Buy CNI slightly over 110.37 target 115.84 stop loss @ 110.05 Details
The technical summary data tells us to buy CNI near 110.37 with an upside target of 115.84. This data also tells us to set a stop loss @ 110.05 to protect against excessive loss in case the stock begins to move against the trade. 110.37 is the first level of support below 111.7 , and by rule, any test of support is a buy signal. In this case, support 110.37 is being tested, a buy signal would exist.
- Short CNI slightly under 115.84, target 110.37, stop loss @ 116.17 Details
The technical summary data is suggesting a short of CNI as it gets near 115.84 with a downside target of 110.37. We should have a stop loss in place at 116.17though. 115.84 is the first level of resistance above 111.7, and by rule, any test of resistance is a short signal. In this case, if resistance 115.84 is being tested, a short signal would exist.
Swing Trading Plans for CNI
- Buy CNI slightly over 112.96, target n/a, Stop Loss @ 112.63 Details
If 112.96 begins to break higher, the technical summary data tells us to buy CNI just slightly over 112.96, with an upside target of n/a. The data also tells us to set a stop loss @ 112.63 in case the stock turns against the trade. 112.96 is the first level of resistance above 111.7, and by rule, any break above resistance is a buy signal. In this case, 112.96, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short CNI slightly near 112.96, target 110.37, Stop Loss @ 113.29. Details
The technical summary data is suggesting a short of CNI if it tests 112.96 with a downside target of 110.37. We should have a stop loss in place at 113.29 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 112.96, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for CNI
- Buy CNI slightly over 111.94, target 112.96, Stop Loss @ 111.68 Details
If 111.94 begins to break higher, the technical summary data tells us to buy CNI just slightly over 111.94, with an upside target of 112.96. The data also tells us to set a stop loss @ 111.68 in case the stock turns against the trade. 111.94 is the first level of resistance above 111.7, and by rule, any break above resistance is a buy signal. In this case, 111.94, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short CNI slightly near 111.94, target 110.59, Stop Loss @ 112.2. Details
The technical summary data is suggesting a short of CNI if it tests 111.94 with a downside target of 110.59. We should have a stop loss in place at 112.2 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 111.94, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Canadian National Railway (CNI) available here: CNI.
CNI Ratings for November 12:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Strong |
Weak |
| P1 |
0 |
0 |
105.10 |
| P2 |
110.59 |
112.96 |
110.37 |
| P3 |
111.94 |
|
115.84 |
AI Generated Signals for CNI
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Canadian National Railway (NYSE: CNI) report below is a real world example. Included are trading plans for CNI, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for CNI:
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